South Korea national security adviser Chung Eui-yong added: “North Korea made clear its willingness to denuclearise the Korean Peninsula and the fact there is no reason for it to have a nuclear programme if military threats against the North are resolved and its regime is secure”.
-North Korea summit, marking a potentially dramatic breakthrough in the North Korea nuclear standoff.
ANALYST TAKE: “While the USA president may have signed tariffs into law, his apparent success regarding North Korea has also helped to keep risk sentiment on the front foot”, said Chris Beauchamp, Chief Market Analyst at IG. “I expressed [South Korean] President Moon Jae-in’s personal gratitude for President Trump’s leadership”.
Carter’s unofficial four-day visit included a meeting with then-North Korean leader Kim Il Sung, the grandfather of current leader Kim Jong Un.
In 2017, the UN Security Council had also unanimously adopted sanctions against Pyongyang following a series of intercontinental ballistic missiles tests and a nuclear test.
“We believe President Trump’s readiness to accept Kim Jong Un’s invitation to a summit meeting by May also represents a positive development”, Kocijancic told reporters, saying the European Union looked forward to the outcome of the talks.
The White House said Trump’s meeting with Kim would take place “at a place and time to be determined”.
Rodman appeared on Trump’s Celebrity Apprentice television show in 2013, but Trump had mixed opinions about the basketball star’s decision to engage North Korea.
January 2: President-elect Donald Trump tweets, “North Korea just stated that it is in the final stages of developing a nuclear weapon capable of reaching parts of the U.S. It won’t happen!” The latest round tightened North Korea’s oil imports and called on other countries to expel North Korean guest workers within two years. “The Republic of Korea, the United States, and our partners stand together in insisting that we not repeat the mistakes of the past”, Chung said. But again, no one imagined for three months that Kim’s sister would travel to South Korea. No American president has ever met with a North Korea leader. Kim was also quoted as saying that whenever there is a problem, he can now resolve it through a direct phone call with Moon.
The drills were suspended during the Winter Olympics recently hosted by South Korea, which provided impetus for the inter-Korea rapprochement.
“Markets have cheered up a little but exclusions are likely to come with caveats demanding reciprocity – that’s the kind of guy the President is”, said Greg McKenna, chief market strategist at broker AxiTrader. The Trump administration just lost a key point man on Korean issues at the State Department and has yet to appoint an ambassador to South Korea.
Trump’s aides have been wary of North Korea’s diplomatic overtures because of its history of reneging on worldwide commitments and the failure of efforts on disarmament by previous USA administrations.
“I don’t know what’s in Trump’s head, and I have doubts as to whether he’s serious”, he said. Meeting being planned! ” the president tweeted.
“What seems certain is that over the coming 6 to 9 months, unfolding negotiations should ensure greater geopolitical tranquility on the Korean peninsula”, said Aninda Mitra, senior sovereign analyst, BNY Mellon Investment Management. “So this is really gonna take a dream team to advise the president so that he doesn’t make any mistakes”.